Why Choose a VA Loan?

The Unique benefits of VA Loans for veterans and active military

Veterans, active military and surviving spouses have access to the VA Loan; a home financing option with unique money-saving benefits not found in the vast majority of other home-financing options. The flagship benefit of this program is the ability to purchase a home without the need for a down payment; however, the program also includes benefits such as:

No monthly mortgage insurance premiums, saving you anywhere from 0.3 percent to 1.15 percent of the entire loan amount each year.

No minimum credit requirements set by the VA; however, most lenders require a score of at least 620.

Competitively low interest rates, made available from the Department of Veterans Affairs guaranteeing a portion of each loan.

No penalties for paying the mortgage off early, allowing homebuyers to pay off their mortgage at a faster pace if able.

Purchasing with $0 Down

Being able to purchase a home without a down payment is something the VA took very seriously. The VA understood that veterans returning from service would be faced with the difficulty of saving up enough money for a down payment. And, with the average VA borrower having just under $7,000 in total assets, these no-money-down home loans have become a lifeline for thousands of military home buyers over the years.

For example, the minimum down payment amount on a FHA loan is 3.5 percent; for conventional financing, it’s 5 percent. On a $150,000 purchase, a military borrower would need to come up with $5,250 in cash for the FHA-backed mortgage and $7,500 for the conventional loan.

VA Loan Savings at Closing Based on Conventional Loan Requirements

Loan Amount

5% Down

10% Down

20% Down

$150,000

$7,500

$15,000

$30,000

$250,000

$12,500

$25,000

$50,000

$350,000

$17,500

$35,000

$70,000

$450,000

$22,500

$45,000

$90,000

What to Expect from Qualification Standards

Like any other mortgage program, homebuyers must meet basic qualifications to be eligible. However, with the VA Loan program, in addition to credit and income requirements, potential applicants must meet basic service requirements.

These service requirements include only one of the following:

The homebuyer served 90 consecutive days of service during wartime, OR

The homebuyer served 181 days of services during peacetime, OR

The homebuyer spent more than 6 years of service in the National Guard or Reserves OR

The homebuyer is the spouse of a service member who died in the line of duty or as a result of a service-related disability.

Receive Your Free Quote Today!

Take the first step in your VA Loan by getting in touch with a Home Loan Specialist.

Property State:

Loan Type: Home Purchase Home Refinance

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Why Choose VAMortgageCenter.com?

Unlike the vast majority of lending institutions, we specialize in VA Home Loans. This dedication and focus gives our loan officers far more experience over a typical loan officer who may do only a handful of VA mortgages per year.

Our specialization enables you to unlock the power of a Veterans Affairs loan to maximize your financial benefits and get you to closing quicker.

We Make the VA Process Fast and Simple

This extensive VA experience enables us to streamline the VA mortgage process, making it smooth and easy for you.

Once you get started, your VA loan officer will be there with you every step of the way, gathering the necessary paperwork and will work with the VA on your behalf.

We are a VA Approved Lender

The Department of Veteran Affairs requires those who offer VA Loans go through a stringent approval process. We are a VA approved lender and are proud that over 500,000 military families have come to us to learn more about their VA loan benefits.

To get started, simply answer a few questions. A Home Loan Specialist will contact you within just a couple of hours to let you know what you pre-qualify for.

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Getting Started is Easy

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Credit Estimate:Military BranchHow Soon?What is preventing you from buying a home now?Do you currently have a VA Loan on your home?Your Name:First NameLast NamePhone:Alt. Phone: (Recommended)Email:Current Street Address:Current Zip Code:

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Columbia, MO 65203